I literally don’t care if people mute for this, but I’m convinced HOdL was a fed psyop. There is nothing wrong with longing bitcoin with low leverage during the bottom of market crash. Especially if you know how to trade and use profits to roll into actual bitcoin instead of trying to make a bunch of fiat. This simple practice would literally transform the network and protect from short selling, massive hedging and FUD campaigns. Obviously not advocating to taking huge risks, but letting intuitions dump on our network at will is insanity. It’s money first and a store of value secondly… not a place to get rekt for 4 years in a row. How the hell are you gonna get friends and family into bitcoin if you are losing 50% net worth every year ?! 😅 At least have some sort of plan to help the fiat price. It’s just an indicator, not the fucking devil.

This is the most informative article concerning the BIP110 debate. It highlights what it actually does, and the various bad faith arguments against it. Must read for any bitcoin node runner (core or knots)

melvin.me

BIP-110 Objections: Asymmetry of Scale

Every objection raised against BIP-110, triaged against the data. Millions of spam transactions vs. hypothetical edge cases and rhetorical tactics....

Bitcoin is up 7,250,762% all time. Compare that to the SP500 - only 17,725% since opening Nasdaq 25,600 % since opening. If you are still bearish on the only true fixed supply asset in the world… good luck being poor for the rest of your life lol 😂

I love the argument about bip110 being censorship. Freaking hilarious. If I was a scam caller and someone unplugged my phone line… I’d call it censorship too 🤣

Today was a beautiful day. #bip110 is up. Bitcoin is cheaper than ever and I saw this rainbow after a summer storm.